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FxWirePro: Sell GBP/CHF on rallies

  • Major support – 1.31845 (38.2 % retracement of 1.2955 and 1.33226).
     
  • GBP/CHF has shown a minor recovery after hitting low of 1.31845 on account Swiss franc weakness against all majors. The slight dip in GBP was due to uncertainty on Brexit negotiations. The EU’s chief Brexit negotiator said that deadline of 48 hours to wrap up draft deal for further progress in Brexit. The major issues affecting Berxit negotiations is border dividing Ireland from North Ireland.
     
  • The pair was facing strong resistance at 1.3330 and any convincing break above will take the pair to next level till 1.34290 (50% retracement of 1.4618 and 1.1783)/1.3560 (161.8% retracement of 1.33296 and 1.2955). Short term bullish invalidation only below 1.300.
     
  • On the lower side, near term support is around 1.3180 (38.2% retracement) and any break below will drag the pair to next level till 1.3135/1.3100/1.3030/1.3000. Overall bullish invalidation only below 1.29550.

It is good to sell on rallies around 1.3275-80 with SL around 1.3330 for the TP of 1.3180.  

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2018-10-18 15:31:10
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October 18 14:30 UTC Released

USNat Gas-EIA Implied Flow

Actual

81 bcf

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Previous

90 bcf

October 18 14:30 UTC Released

USNat Gas, Change Bcf

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81 Cubic feet

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82 Cubic feet

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90 Cubic feet

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ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 375339375339m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 387159387159m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 375339375339m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 387159387159m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 375339375339m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375339375339m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 375339375339m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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